A debt settlement letter is all you need to negotiate debts with your creditors. It asks you to pay a certain settlement amount to the collection agency.Here's everything you need to know about drafting and filing an Answer to a credit card debt lawsuit, with sample Answers included. Not sure about how to counter your creditor's debt settlement offer? Download this free Debt Settlement Offer Letter sample. If you disagree with the offer, you can decline it. However, rejecting a settlement offer isn't as simple as saying, "Sorry, I won't accept it." This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. You can use the following Cease and Desist letter to debt collectors as a template. Understand your options when the insurance company makes a lowball injury settlement offer, and see a claimant's sample response letter.